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Crossroads Financial Secures $50MM in Additional Funding Capacity

July 10, 2018, 07:58 AM
Filed Under: Industry News

Crossroads Financial, a provider of inventory revolving lines of credit, has secured a new financing commitment for an additional $50 million from a private investment group. Crossroads lends capital through its direct lending platform to retail and e-commerce businesses, while also working in collaboration with A/R and Factoring companies to provide reliable working capital solutions for wholesale businesses.

Crossroads has a unique niche in the marketplace by providing stand-alone lines of credit backed by inventory. Today, Crossroads funds transactions starting at $500,000 with an advance rate of up to 85% of NOLV and has no restrictions on A/R to inventory advance ratios. Crossroads aims to provide maximum liquidity to clients in the retail, e-commerce, and wholesale space who are unable to obtain traditional bank financing.

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